Core Insights - Almonty Industries has commenced commercial mining at the Sangdong mine in South Korea, marking a significant milestone in its operations [1] - The Sangdong mine is crucial for diversifying the tungsten supply chain away from China, which currently dominates over 80% of the global tungsten market [3][6] - The mine's total mineral reserves are estimated at 8.57 million tonnes, with an average tungsten oxide content of 0.42% [5] Group 1 - The first truckload of ore has been delivered to the run-of-mine (ROM) pad, which is a central staging area for ore [1] - Ore extraction involves controlled blasting techniques, followed by transportation through a haulage system [1] - At the ROM pad, the ore is stockpiled by grade and undergoes primary and secondary crushing, grinding, and flotation to separate tungsten-bearing minerals [2] Group 2 - The resumption of production at the Sangdong mine aims to secure a reliable tungsten supply for key sectors such as defense, semiconductors, and aerospace [4] - The project will transition into a production stabilization phase as it moves towards full-scale commercial operations [5] - The Sangdong mine is positioned to restore Korea's historical role as a major tungsten supplier and serve as a cornerstone for a new tungsten supply chain independent of China [6] Group 3 - The long-term vision includes the development of a fully integrated strategic-mineral value chain, referred to as the 'Korean Trinity,' which will enhance Korea's position as a global hub for tungsten production and refining [7]

TORONTO--(BUSINESS WIRE)--Almonty Industries Inc. ("Almonty†or the "Company") (NASDAQ: ALM) (TSX: AII) (ASX: AII) (Frankfurt: ALI1), a leading global producer of tungsten, today announced the first truckload of ore has been successfully delivered to the ROM (Run-of-Mine) pad at the Sangdong Mine, a pivotal transition from early-stage mine development to active mining operations and the final step before commencement of commercial production. Lewis Black, President and Chief Executive Officer, said: "This fi ...

TORONTO--(BUSINESS WIRE)--Almonty Industries Inc. ("Almonty†or the "Company") (NASDAQ: ALM) (TSX: AII) (ASX: AII) (Frankfurt: ALI1), a leading global producer of tungsten concentrate, announced today the closing of its previously announced upsized underwritten offering of common shares (the "Common Shares†), including the full exercise of the underwriters' over-allotment option (the "Over-Allotment Option†), for aggregate gross proceeds of US$129,375,000 (the "Offering†). The syndicate of unde. ...

TORONTO--(BUSINESS WIRE)--Almonty Industries Inc. ("Almonty†or the "Company") (NASDAQ: ALM) (TSX: AII) (ASX: AII) (Frankfurt: ALI1), a leading global producer of tungsten concentrate, announced today the closing of its previously announced upsized underwritten offering of common shares (the "Common Shares†), including the full exercise of the underwriters' over-allotment option (the "Over-Allotment Option†), for aggregate gross proceeds of US$129,375,000 (the "Offering†). The syndicate of unde. ...

Core Viewpoint - Almonty Industries Inc. has announced an upsized underwritten offering of common shares, aiming to raise significant capital through the sale of shares at a set price [1] Group 1: Offering Details - The company is offering 18,000,000 common shares at a public offering price of US$6.25 per share [1] - The total gross proceeds from this offering are expected to be US$112,500,000 [1] Group 2: Underwriters - Almonty has granted the underwriters certain options related to the offering, although specific details on these options are not provided in the excerpt [1]

TORONTO--(BUSINESS WIRE)--Almonty Industries Inc. ("Almonty†or the "Company") (NASDAQ: ALM) (TSX: AII) (ASX: AII) (Frankfurt: ALI1), a leading global producer of tungsten concentrate, announced today the filing of a preliminary prospectus supplement (the "Supplement†) to its short form base shelf prospectus dated October 31, 2025 (the "Base Prospectus†), in connection with a proposed public offering of 15 million of Almonty's common shares ("Common Shares†) in the United States (the "Offering†. ...

Core Insights - Makenita Resources Inc. has more than doubled its landholdings in the Sisson West Tungsten Project, now totaling approximately 9,400 contiguous acres, which is prospective for tungsten and borders the Sisson Tungsten Mine [1][2] - The Sisson Tungsten Mine has been designated as one of the first "Nation-Building Projects" by Canadian Prime Minister Mark Carney, highlighting its strategic importance [1][2] - The price of tungsten has increased over 100% this year, reaching near-year highs, which positions Makenita favorably for growth in 2026 [2] Company Developments - The new acreage for the Sisson West Tungsten Project was acquired through staking, indicating proactive expansion efforts by the company [6] - Makenita Resources has a small share count of just over 30 million, which may enhance shareholder value as the company progresses with its projects [2] Market Context - The significant rise in tungsten prices, coupled with the strategic designation of the Sisson Tungsten Mine, suggests a favorable market environment for Makenita Resources [2]

Core Insights - Makenita Resources has more than doubled its landholdings in the Sisson West Tungsten Project, now totaling approximately 9,400 contiguous acres, which are prospective for tungsten and border the Sisson Tungsten Mine [1][2] - The Sisson Tungsten Mine was recently designated as one of Canada's first "Nation-Building Projects" by Prime Minister Mark Carney, indicating governmental support for the mining sector [1][2] - The price of tungsten has increased over 100% this year, reaching near-year highs, which positions Makenita favorably for growth in 2026 [2] Company Developments - The new acreage was acquired through staking, reflecting the company's strategic expansion in a promising mining area [6] - Makenita Resources has a small share count of just over 30 million, which may enhance shareholder value as the company progresses with its projects [2] Industry Context - The designation of the Sisson Tungsten Mine as a "Nation-Building Project" suggests a favorable regulatory environment for mining operations in Canada, potentially benefiting companies like Makenita [1][2] - The significant rise in tungsten prices may attract more investment and interest in tungsten mining projects, indicating a positive trend for the industry [2]

American Tungsten Commences Phase I Diamond Drill Program at the IMA MineDecember 02, 2025 7:30 AM EST | Source: American Tungsten Corp.Vancouver, British Columbia--(Newsfile Corp. - December 2, 2025) - American Tungsten Corp. (CSE: TUNG) (OTCQB: TUNGF) (FSE: RK90) ("American Tungsten" or the "Company) announces the commencement of its Phase 1 diamond drill program at the IMA Mine, as previously announced by the Company on November 12, 2025. "The commencement of this Phase 1 drill program mark ...

Market Overview - The local share market remained flat, with the XJO index staying within the 8,500 points range and not reaching 9,000 points since late October, indicating a lack of a Santa Rally [2] - Australian bond yields reached nearly year-long highs, influenced by the RBA cash rate remaining stable [3] Sector Performance - Energy and materials sectors led the gains on Tuesday, while real estate also performed well, driven by Goodman Group [3] - IT sector lagged, reflecting trends from Wall Street [3] Company Highlights - African Gold surged after announcing its acquisition by Montage Gold, with market reaction delayed due to an ASX announcement outage [4] - Titomic's stock jumped 15% following successful tests of its cold spray additive technology [4] - Tungsten Mining's stock rose after announcing a new exploration target, highlighting tungsten's growing importance as a critical mineral [5] - Zip Co experienced a nearly 10% drop intraday, attributed to profit-taking and repositioning after a strong performance in recent months [5] - Core Lithium's stock fell in line with other lithium stocks, as excitement over lithium benchmarks was overshadowed by rising gold prices [6] - Star Entertainment Group's shares dropped nearly 7% following board changes, despite initial optimism regarding Bally's directors [6]